I Discovered Solana's "Speedy Boarding" Secret (and It Cost Me!) 🤯

By BreakdownFab | DecryptLab | 2 Aug 2024


So, I was putting some liquidity on Orca, the Solana DEX, right? Everything was smooth sailing until my transaction got stuck. Queue the panic! 😫

Turns out, Solana has these priority fees – like EasyJet's speedy boarding, but for crypto transactions. I ended up paying over $3 to get my transaction moving again (see the painful proof below).

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The silver lining? I'm supposed to earn around $4 a day on that pool as shown in my YouTube video below:

So, was it worth it? 🤔 I'll let you know in my next posts how much I really earn on that pool...

Here's the thing: Solana might just have the smartest business model in all of crypto. It's like the low-cost airline that stole market share while still raking in profits. Genius, right?

What's the lesson here?

Solana is fast, but sometimes you gotta pay extra to jump the queue.

Want the full story on how these fees work, and why Solana's strategy is so brilliant? I'll break it down in my next posts. Stay tuned! 😉

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BreakdownFab
BreakdownFab

Demystifier


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DecryptLab

Demystifying blockchain, AI, and quantum technologies...

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